Business Tesla unveils new-look Cybertruck – four years after embarrassing gaffe at launch presentation July 20, 2023 Tesla has shared a new look of its upcoming Cybertruck vehicle – almost four years after it was announced. The unusual looking electric pick-up truck, first unveiled back in 2019,…
Business Facebook owner Meta announces its rival to ChatGPT will be free to use July 19, 2023 The owner of Facebook has announced plans to make its version of the artificial intelligence technology behind ChatGPT free for researchers and companies to use. The latest version of Meta’s…
Business Jaguar Land Rover investment in electric vehicle battery plant in UK ‘very welcome’ July 18, 2023 A decision by Jaguar Land Rover (JLR) to invest in electric vehicle battery production in the UK is “very welcome”, a Labour MP has said. Darren Jones, chair of the…
Business UK gas storage capacity a tenth of some neighbours July 18, 2023 The UK’s gas storage is “materially behind” Europe, the chief executive of British Gas owner Centrica has said. Chris O’Shea said there was a need to expand gas storage and…
Business Why young people and renters are among the worst hit by rising prices July 14, 2023 Young adults and renters are some of the groups of people worst hit by rising prices as official figures show around 1 in 20 said they’d run out of food…
Business National debt could hit 300% of GDP by 2070s after ‘rapid succession of shocks’ July 13, 2023 The UK’s national debt could hit 300% of GDP by the 2070s because of the string of major challenges still facing national governments after a “rapid succession of shocks”, according…
Business King’s coronation weighs on economy as output contracts by 0.1% in May July 13, 2023 The economy contracted in May as the additional public holiday for the King’s coronation weighed on output, according to official figures. Data from the Office for National Statistics (ONS) showed…
Business Elon Musk launches long-awaited AI start-up in a bid to rival ChatGPT July 12, 2023 Elon Musk has launched his long-awaited artificial intelligence start-up xAI in a bid to build an alternative to ChatGPT. The Twitter owner has brought in a team of engineers from…
Business Google creates AI with same level of accuracy and bias as doctors July 12, 2023 Artificial intelligence produces misinformation when asked to answer medical questions, but there is scope for it to be fine tuned to assist doctors, a new study has found. Researchers at…
Business Food prices forecast to fall as Bank of England predict lower energy costs this year July 10, 2023 The Bank of England is reiterating its forecast that inflation will fall over the rest of the year, with governor Andrew Bailey saying it will fall “markedly”. The rate of…
Business China risks falling further behind US in AI race with ‘heavy-handed’ regulation July 7, 2023 An Artificial Intelligence show in China is like a glimpse into the future. Indeed, Shanghai has been inundated this week with the industry’s brightest and best for the annual World…
Business A severe money market shift signals worse to come for personal and public finances July 6, 2023 Money markets have begun to price in a Bank of England interest rate of 6.5%. The interest rate on ten year government bonds (the gilt yield as it’s sometimes called)…
Business Elon Musk v Mark Zuckerberg: Is a cage fight really happening? July 4, 2023 The gloves are (about to be) off: Elon Musk and Mark Zuckerberg show no signs of backing down from their commitment to a supposed cage fight. Rumours of a fight…
Business Food inflation is starting to fall, says Sainsbury’s boss July 4, 2023 Food inflation is “starting to fall”, Sainsbury’s has said, as the retailer saw sales boosted by bank holidays and warmer weather. The UK’s second largest supermarket said on Tuesday it…
Business Energy firms face penalties if shareholders are placed above households July 3, 2023 The energy regulator has threatened action against household suppliers if they put investors before hard-pressed households. Ofgem’s chief executive Jonathan Brearley warned that financial practices seen before the energy crisis…
Business Drivers paying more for fuel due to weakening competition between retailers, regulator says July 3, 2023 Drivers have been paying more for fuel since 2019 due to weakening competition between retailers, a regulator has said. They said that increased supermarket fuel margins led to drivers paying…
Business Tesla delivers record number of cars after price cuts July 3, 2023 Electric car company Tesla has delivered a record number of cars in the second quarter – as its strategy to lower prices paid off and US consumers took advantage of…
Business Burberry chair Murphy lined up to replace Allan at helm of Tesco July 1, 2023 One of Britain’s most senior boardroom figures is to replace John Allan at the helm of Tesco. Sky News can exclusively reveal that Gerry Murphy, the chairman of Burberry and…
Business Energy bills to fall from today but will still cost almost double pre-crisis levels June 30, 2023 Households will pay less for their gas and electricity from today but bills will still be almost double what they were before the energy crisis. The average household energy bill…
Business Apple becomes first public company to be valued at $3trn June 30, 2023 Apple has entered the history books as the first public company to be valued at $3trn. The 47-year-old technology juggernaut, co-founded by Silicon Valley legend, the late Steve Jobs in…